Government Housing Bank Achieves Strong Results in First Half of 2023
July 24, 2023
In a recent announcement, the Government Housing Bank (GHB) unveiled its impressive operating performance for the first six months of 2023. Despite the challenging circumstances brought on by the COVID-19 pandemic, GHB successfully issued new loans, enabling thousands of Thai citizens to fulfill their dream of owning a home.
A total of 89,030 accounts were granted new loans, amounting to an impressive credit limit of 111,796 million baht. This achievement represents 47.48% of the bank’s new lending target for the entire year. It is an encouraging sign of economic recovery as the pandemic’s impact starts to wane, and people regain financial stability.
Moreover, the bank’s outstanding loan balance at the end of the second quarter of 2023 stood at 1,640,593 million baht, marking a 2.65% increase compared to the previous year. This growth was complemented by a rise in total assets to 1,692,170 million baht, reflecting a 1.97% increase. The bank also experienced a notable surge in outstanding deposits, reaching 1,840%, up by 70,045 million baht or 4.27% from the end of 2022. However, the non-performing loan (NPL) ratio remained stable at 3.74%, showcasing the bank’s sound lending practices.
Highlighting its commitment to financial prudence, GHB allocated a substantial allowance for doubtful accounts, amounting to 138,452 million baht. This allocation represents 197.66% of the NPL figure, ensuring the bank’s preparedness for future challenges while facilitating sustainable growth.
With a net profit of 6,534 million baht and a robust capital adequacy ratio (BIS ratio) of 15.29%, which exceeds the minimum capital requirement set by the Bank of Thailand (BOT), GHB remains well-positioned for continued success in the housing finance sector.
Government Housing Bank Revealing the results of operation for the first 6 months of 2023, new loans are issued, allowing Thai people to own their own homes, a total of 89,030 accounts, with a credit limit of 111,796 million baht, which represents 47.48% of the new lending target for the whole year.
24 July 2023 – Mr. Krit Sesavej, Bank Director and Acting Managing Director Government Housing Bank (GHB) revealed its operating results for the second quarter of 2023, after the situation of the epidemic of COVID-19 began to subside. As a result, economic activities began to recover. People’s income has adjusted to a more normal situation. People began to make more housing decisions, on June 30, 2023, the Bank of Thailand was able to grant new loans in the amount of 89,030 accounts, a credit line of 111,796 million baht, which represents 47.48% of the new loan target for the year 2023 at 235,480 million baht, and the new loan amount did not include 4-90 million people, and of these 4 people were low loans, and 4 people were not baht loans, and 4 people were not low loans, of which 4 people were low loans and 98 million baht, of which 4 people were low loans and 98 million including new loans. 2.5 million baht.
As a result, at the end of the second quarter of 2023 compared to the end of 2022, the Bank had a total outstanding loan of 1,640,593 million baht, an increase of 2.65%, with total assets of 1,692,170 million baht, an increase of 1.97%, total outstanding deposits of 1,840%, an increase of 1,840 million baht. ) of 70,045 million baht or at 4.27.% of total loans increased by 0.53% from the end of 2022 with NPL at 3.74% of total loans.
However, the Bank of Thailand has set aside an allowance for doubtful accounts at 138,452 million baht, representing a high share of NPL of 197.66%, reflecting stability and readiness for stable and sustainable growth in the future. The net profit figure was 6,534 million baht and the capital adequacy ratio (BIS ratio) remained strong at 15.29%, above the minimum capital requirement set by the Bank of Thailand (BOT).
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